Reconciliation and Adjustment of Inventories. Reconciliation of inventory with the Operating Account shall be made and a list of overages and shortages shall be furnished to SOC. Inventory adjustments shall be made by Contractor and Operator to the Operating Account if required; provided, however, that any inventory adjustment exceeding a value of ten thousand USD (US$10,000) shall be reported to SOC. (End of Article 5)
Appears in 2 contracts
Samples: Technical Service Contract, Technical Service Contract
Reconciliation and Adjustment of Inventories. Reconciliation of inventory with the Operating Account shall be made and a list of overages and shortages shall be furnished to SOCNOC. Inventory adjustments shall be made by Contractor and Operator to the Operating Account if required; provided, however, that any inventory adjustment exceeding a value of ten thousand USD Dollars (US$10,000) shall be reported to SOC. (End of Article 5)NOC.
Appears in 1 contract
Reconciliation and Adjustment of Inventories. Reconciliation of inventory with the Operating Account shall be made and a list of overages and shortages shall be furnished to SOCNOC. Inventory adjustments shall be made by Contractor and Operator to the Operating Account if required; provided, however, that any inventory adjustment exceeding a value of ten thousand USD Dollars (US$10,000) shall be reported to SOCNOC. (End of Article 5)
Appears in 1 contract
